Ex-Weiss, UBS Execs Prepping Launch of New Multi-Strategy Hedge Fund

Feb 21 2017 | 11:12pm ET

Long-time Weiss Multi-Strategy Advisors executive Rick Doucette is reportedly planning to launch a new hedge fund with former UBS prime brokerage specialist Gerry Polizzi.

The new fund will be a multi-strategy vehicle named Antecapio Investment Partners, according to a Reuters article citing the two men. 

Doucette left $1.4 billion Weiss, where he was COO as well as president of holding company George Weiss Associates, at the end of last year. Polizzi, meanwhile, was with UBS’s prime brokerage operation since 2002 and had previous stints at Credit Suisse and Pershing. 

The new firm will utilize of both quantitative and discretionary trading strategies, according to Polizzi’s LinkedIn profile, as well as incorporate artificial intelligence and machine learning in its investment processes.

Antecapio plans to hire six to eight portfolio teams that will work through two funds, the Reuters article added. One team will focus on long/short opportunities in European companies, while others will look at U.S. TMT and consumer stocks.

The fund is reportedly aiming to launch by the third quarter of this year with $300 million in assets under management.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of